Business Insurance
Chinese insurance intermediaries have reported a significant decline in their financial results in the first quarter due to the COVID-19 pandemic.
Posted: Jul 03, 2020
Bermuda-based Aspen Insurance Holdings Ltd. and French insurer Axa SA's subsidiary Axa XL have withdrawn from a planned coal mine and rail project in the Australian state of Queensland.
Posted: Jul 03, 2020
China-based technology firm ByteDance Ltd. could lose $6 billion as a result of the Indian government's decision to ban TikTok, Helo and other Chinese applications.
Posted: Jul 03, 2020
Vietnamese insurer Bao Viet Holdings expects its net profit to fall 5% year-on-year to nearly 1.2 trillion Vietnamese dong ($51 million) this year due to the COVID-19 pandemic.
Posted: Jul 03, 2020
An explosion ripped through a building at Iran's main nuclear production facility on July 2 and caused extensive damage.
Posted: Jul 03, 2020
The Mexican National Seismological Service said that a 5.5 magnitude earthquake shook the southern state of Oaxaca on July 2.
Posted: Jul 03, 2020
Allianz, which is facing headwinds from the coronavirus crisis, expects to be back on track in 2021 barring a second major outbreak or financial market correction, the German insurer's chief executive said in an interview.
Posted: Jul 02, 2020
A grocery store worker whose doctor attributed the “breakdown of his health” to mold exposure at work suffered an “injury-by-disease,” the Supreme Court of Hawaii ruled Tuesday, overturning an earlier ruling that vacated his workers compensation clai...
Posted: Jul 02, 2020
Lawyers representing a class action against the makers of SweeTarts candy over ingredient claims got a sweet deal.
Posted: Jul 02, 2020
Shares of insurance startup Lemonade Inc. surged 73% in their market debut on Thursday, capitalizing on the rebound in U.S. investor demand for new listings following the coronavirus outbreak.
Posted: Jul 02, 2020
The family of a housekeeper who worked at a nursing home in Beaver, Pennsylvania, and died of COVID-19 filed a lawsuit Wednesday against the facility, alleging negligence and a “long pattern of unsafe, unsanitary conditions,” attorneys announced.
Posted: Jul 02, 2020
A man whose eyes were stabbed by a co-worker is not entitled to workers compensation, a Virginia appellate court held when it determined that his injuries did not arise out of his employment.
Posted: Jul 02, 2020
New Hampshire lawmakers approved legislation requiring the state to provide free personal protective equipment to small employers, eliminate cost-sharing for COVID-19 testing and treatment, and extend paid time off for leaves due to coronavirus.
Posted: Jul 02, 2020
Novartis AG agreed to pay more than $729 million to settle federal charges it paid illegal kickbacks to doctors and patients to boost drug sales, the U.S. Department of Justice said on Wednesday.
Posted: Jul 02, 2020
The U.S. Supreme Court will decide whether American corporations can be sued for alleged human rights abuses occurring abroad under a 1789 law, agreeing on Thursday to hear appeals by two companies — Cargill Inc. and a Nestle SA subsidiary — accused...
Posted: Jul 02, 2020
Major media and sports organizations including the Motion Picture Association and the National Football League along with various nonprofit groups representing businesses hard-hit by COVID-19 have urged Congress to pass the Pandemic Risk Insurance Ac...
Posted: Jul 02, 2020
Axa XL's subsidiary XL Insurance (China) Co. Ltd. has received approval to change its license in the country from insurance to reinsurance.
Posted: Jul 02, 2020
A boiler blast at power firm NLC India Ltd.'s Unit V of thermal power station-II in Neyveli township killed six workers and injured 17 others on July 1.
Posted: Jul 02, 2020
The Caribbean Development Bank has partnered with the Canadian government for the launch of a new $20 million Canada ($15 million) disaster risk management fund to assist the Caribbean nations.
Posted: Jul 02, 2020
Wanda Vazquez, governor of Puerto Rico, has declared a state of emergency after severe drought has left 21 of 78 municipalities without normal running water.
Posted: Jul 02, 2020
Several airlines have cancelled thousands of flights to Greece after the nation extended its ban on arrivals from the United Kingdom until July 15.
Posted: Jul 02, 2020
Government data showed that gross written premiums of the 46 nonlife insurers in Bangladesh grew nearly 9% to around 37 billion Bangladeshi taka ($428 million) last year.
Posted: Jul 02, 2020
The Japan Meteorological Agency predicts that Mount Sakurajima volcano in Kagoshima prefecture may erupt on a large scale soon.
Posted: Jul 02, 2020
The Delaware Supreme Court on Tuesday reinstated a shareholder lawsuit challenging the $18 billion merger in 2016 between Willis Group Holdings PLC and Towers Watson & Co., holding that Towers CEO John J. Haley’s potential conflict of interest in the...
Posted: Jul 01, 2020
Colorado Gov. Jared Polis on Tuesday signed into a law a bill providing workers compensation benefits for workers subjected to audible psychological trauma on the job.
Posted: Jul 01, 2020